v3.26.1
REVENUE (Tables)
3 Months Ended 12 Months Ended
Mar. 31, 2026
Dec. 31, 2025
Revenue from Contract with Customer [Abstract]    
Schedule of Revenue from Contracts with Customers Disaggregated by Geography

The following table presents revenue from contracts with customers disaggregated by geography:

 

 

Three months ended March 31,

 

 

 

2026

 

 

2025

 

Europe

 

$

398,864

 

 

$

 

United States

 

 

8,780

 

 

 

 

Total

 

$

407,644

 

 

$

 

The following table presents revenue from contracts with customers disaggregated by geography:

 

 

Year ended December 31,

 

 

 

2025

 

 

2024

 

United States

 

$

 

 

$

24,300

 

Asia

 

 

 

 

 

9,112

 

Europe

 

 

 

 

 

118,715

 

Total

 

$

 

 

$

152,127

 

Schedule of Revenue from Contracts with Customers Disaggregated by Timing of Revenue Recognition

The following table presents revenue from contracts with customers disaggregated by the timing of revenue recognition:

 

 

Three months ended March 31,

 

 

 

2026

 

 

2025

 

Revenue recognized at a point in time

 

$

340,365

 

 

$

 

Revenue recognized over time

 

 

67,279

 

 

 

 

Total

 

$

407,644

 

 

$

 

The following table presents revenue from contracts with customers disaggregated by the timing of revenue recognition:

 

 

Year ended December 31,

 

 

 

2025

 

 

2024

 

Revenue recognized at a point in time

 

$

 

 

$

152,127

 

Revenue recognized over time

 

 

 

 

 

 

Total

 

$

 

 

$

152,127

 

Schedule of Accounts Receivable and Contract Liabilities Accounts receivable, contract assets, and contract liabilities were as follows on the dates presented:

 

 

Accounts Receivable

 

 

Contract Assets

 

 

Contract Liabilities

 

December 31, 2025

 

 

 

 

 

 

 

 

 

March 31, 2026

 

 

201,571

 

 

 

30,527

 

 

 

428,346

 

Accounts receivable and contract liabilities as of December 31, 2025 and 2024 were as follows on the dates presented:

 

 

Accounts Receivable

 

 

Contract Liabilities

 

January 1, 2024

 

$

482,279

 

 

$

30,400

 

December 31, 2024

 

 

 

 

 

24,000

 

December 31, 2025

 

 

 

 

 

 

Schedule of Revenue from Contracts with Customers Disaggregated by Product and Service

The following table presents revenue from contracts with customers disaggregated by product and service type:

 

 

Three months ended March 31,

 

 

 

2026

 

 

2025

 

Orbit:

 

 

 

 

 

 

SaaS and hosted software subscriptions

 

$

48,499

 

 

$

 

Application maintenance services

 

 

18,780

 

 

 

 

Total

 

 

67,279

 

 

 

 

Lyocon:

 

 

 

 

 

 

Product sales

 

 

317,588

 

 

 

 

Professional services revenue

 

 

22,777

 

 

 

 

Total

 

 

340,365

 

 

 

 

Total revenue

 

$

407,644

 

 

$